Strategy: Buy the dip
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CrudeOil is in correction phase and looking for W-X-Y correction on weekly chart where target for Y is above 55. On Short term, we are waiting for good opportunity to go long. After breakout of bullish inner channel, we are on sideline and looking to see support on outer bullish channel.
Talking Point:
Technical Strategy : Bearish
Elliottwave View : Bear count confirmed
Analysis
From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. From last analysis and trade signal on which we earned +138 pips from shorting this...
Talking Points:
CrudeOil Technical Strategy: Sell for correction
Elliottwave Count: After had a breakout of 53.50, we are looking for bullish count, consolidation remain due
Analysis
Based on our previous analysis on CrudeOil (CL), we were stuck on complex correction cycle after reversed from 26.17 level to 51.65. However current market is much clear than...
Talking Points:
Austrian Traded Index (ATX) Technical Strategy : Hold until Triangle breakout
Elliottwave Count : Triangle
Analysis
ATX (Austrian Traded Index) is in wave (B) which is in triangle formation. We are in last phase of triangle (wave e). We possibly see last pull leg up or in alternate scenario, we possibly see downtrend from current level. We...
Talking Point:
Technical Strategy: Turning Bearish
Elliottwave View: Progressing wave (C) of c.
Analysis
Silver was trading sideway and is on long term down trend. However, recover from 13.91 looks promising. We had impulse leg up and current move from 20.96 is correcting this move. We were expecting correction over 17.04. But current move on lower...
